AllianceBernstein's Wong on Global Markets

The video discusses the anticipated moderation of the US dollar in 2023 and its impact on emerging market equities. It highlights the potential for earnings growth in China, driven by consumer demand and market recovery post-COVID. The discussion also covers the risks and opportunities in the Chinese market, with a focus on the expected 10-15% EPS growth. Additionally, the video explores the broader impact of China's reopening on neighboring Asian economies and global markets, emphasizing the potential benefits for luxury goods brands.

What is expected to happen to the US dollar in 2023, and how might this affect emerging market equities?

• The US dollar will strengthen, negatively impacting emerging markets.

• The US dollar will remain stable, with no impact on emerging markets.

• The US dollar will weaken, supporting emerging market equities.

• The US dollar will fluctuate wildly, causing uncertainty in emerging markets.

What is a key factor driving the expected strong performance of the Chinese equity market?

• Greater consumer demand post-COVID reopening

• Higher interest rates

• Increased government regulations

• Decreased foreign investment

What is a potential risk associated with the Chinese market's recovery?

• Lack of consumer demand

• Buying on rumors and selling on actual reopening

• Over-reliance on foreign investment

• Increased government intervention

What is the expected EPS growth for China in 2023?

• 20-25%

• 15-20%

• 10-15%

• 5-10%

How does the expected earnings growth in China compare to the US market in 2023?

• China's earnings growth is expected to be higher than the US.

• China's earnings growth is expected to be negative, unlike the US.

• China's earnings growth is expected to be similar to the US.

• China's earnings growth is expected to be lower than the US.

Which regions are expected to benefit from China's economic reopening?

• Australia and New Zealand

• Southeast Asia, Korea, and Japan

• North America and Europe

• Africa and South America

What is a potential global impact of China's increased demand for goods and services?

• Decreased global trade

• Increased demand for luxury goods in Europe

• Lower prices for raw materials

• Reduced tourism in Asia